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Showing posts from May, 2023

Developers are returning to Mexico and the Caribbean to build hotels.

According to STR Global, the Caribbean and Mexico's total active hotel pipeline has more than doubled in the previous six months as investor interest returns.  real estate companies in qatar The research firm's active pipeline for June comprises 131 hotels with a total of 21,957 rooms, up from 50 hotels with 9,495 rooms in the region's active pipeline in December. According to STR, just five hotels with 354 rooms opened in the region in 2012. "Banks are gradually regaining confidence in financing on hotels," Jan Freitag, STR's senior vice president of strategic development, told WPC News. "There are a lot of people who are attempting to start projects, but they need money." Projects in the construction, final planning, and planning stages make up the region's total active pipeline. According to STR, more than 10,000 hotel rooms are now under construction, with 4,025 rooms in Mexico. The Dominican Republic (2,475 rooms), Bahamas (2,271 rooms), Pue...

list of the Top Golf Courses in the World.

I'm not a very good golfer. Yet, I probably spend more time on the links than just about any professional golfer in the world...because of the fact that I spend so much time in the rough, hunting for my ball!  doha property I realize golf is a very-personal game (even if, like me, you spend much of your time searching for your ball!). And everyone has his/her own favorite course. So let the argument begin! We appreciate your feedback! OITAVOS DUNES, CASCAIS, PORTUGAL - The Algarve region gets more publicity. But the picturesque resort of Cascais, a lesser-known fishing resort swiftly becoming a refuge for the International Set, also offers terrific golf. And plenty of natural beauty, too. Oitavos Dunes, a hotel/golf club, lies in Sintra-Cascais Natural Park, with beautiful panoramas anywhere you look. And you're close to both Lisbon, and to the picturesque coastline, filled with timeless villages. LOS SUENOS MARRIOTT OCEAN & GOLF RESORT, COSTA RICA - At the edge of a lush r...

My Top 5 Caribbean Getaways for the Winter.

Every state in the United States has just seen - or is presently experiencing - temperatures below freezing as I write this. In addition, much of the Northern Hemisphere is beginning to see snow, ice, and frigid temperatures.  apartment However, there is one spot on the planet where the skies are blue, the water is green (and crystal-clear), and the temperatures are enough enough to warm both the body and the soul. Here are my top 05 Caribbean vacation spots! 5) REGENT PALMS, TURKS AND CAICOS - Regent Palms Turks and Caicos has 72 oceanfront rooms with magnificent views of Grace Bay Beach. Each of the 72 suites has a travertine balcony or terrace, as well as about 1,500 square feet of space. High-end shopping, an infinity pool with swim-up bar, the award-winning Parallel 23 restaurant, a croquet lawn, tennis facilities, and complimentary water sports on white-sand beaches are all available on the property. After a long day at the beach, do you need to unwind your hurting muscles? I...

The fundamentals of the global office market continue to improve.

Fundamentals are strengthening across several office markets in the Americas, Asia Pacific, and Europe as we approach into 2015, according to Cushman & Wakefield's newly issued 2015-2016 Global Office Forecast.  real estate agents in qatar "From a worldwide perspective, 2014 was a healthier year for the office real estate sector, with many markets entering 2015 on good footing," Maria T. Sicola, head of Cushman & Wakefield's Americas Research group, said. "Of course, some markets in or near areas of political unrest and those with stagnant economic growth continue to struggle, but overall, things are better than they were a year ago." THE AMERICAS AND THE UNITED STATES U.S. cities are enjoying economic expansion, even beyond those driven by the solid technology and energy industries, which is translating into strong office market fundamentals. "Demand is increasing, particularly for freshly developed or restored space," Sicola added. "...

The World's Best Retirement Destinations in 2019 Have Been Revealed.

Panama is the best place to retire in the world. The world's top 10 retirement destinations, according to International Living's freshly issued Annual Global Retirement Index for 2019, are:  properties in qatar #3 Mexico #8 Peru #4 Ecuador #9 Thailand #5 Malaysia #10 Spain #1 Panama #6 Colombia #2 Costa Rica #7 Portugal #3 Mexico #8 Peru #4 Ecuador #9 Thailand #5 Malaysia #10 Spain Panama, the winner of the 2019 Global Retirement Index, has been a consistent performer in the Index over the past ten years, rising from third place to claim the top spot. The Central American jewel crams a lot into its little footprint: a fast-paced, colorful capital city, palm-fringed beaches, and wooded valleys with year-round spring temperatures.  Its Pensionado program is what makes it genuinely unique. The Pensionado visa is given to anyone with a monthly lifetime pension of above $1,000 to entice retirees to the country. Seniors can also get discounts on a variety of goods and services, incl...

International buyers are now spending more money in the United States on fewer homes.

While total unit sales by international house purchasers declined from the previous year, overall sales dollar volume grew 13 percent, according to the National Association of Realtors' 2015 Profile of Home Buying Activity of International Clients Report. Total overseas sales were predicted at $104 billion for the period April 2014 through March 2015, up from $92.2 billion the prior year.   property qatar This accounts for 8% of the overall dollar volume of existing-home transactions. "Sales transactions to purchasers outside the United States fell 10% in 2014, likely due to the strengthening of the US currency against other currencies and weakening foreign economies," said Lawrence Yun, NAR Chief Economist. "However, the amount of money spent has risen, indicating that international buyers in the United States have evolved into an upmarket group, spending more money on fewer homes." Five nations accounted for 51% of all overseas purchases in 2014: China, Canada...

In the third quarter, Asia Pacific markets dominated global commercial capital flows.

According to Jones Lang LaSalle's latest Global Capital Flows Report for the third quarter of 2011, Asia Pacific accounted for four of the top 10 most transacted direct real estate city markets globally. In comparison to four cities in the Americas and two in Europe, Hong Kong, Tokyo, Shanghai, and Sydney all reached the top ten.  buying a house in qatar Tokyo's restart of activity following the earthquake has been the most notable quarter-on-quarter change in the top ten. With US$3.6 billion in trade, the city moved up to fourth place from US$0.9 billion in the second quarter of the year. Sydney (US$1.6 billion) was a new entrant into the top ten this quarter, while Shanghai (US$1.9 billion) remained relatively stable (though moving up to fourth from eighth), and Hong Kong (US$4.2 billion) moved up to third position from fourth last quarter (over half of this total was accounted for by the Festival Walk transaction). In the third quarter, direct real estate investment transact...

Top Luxury Real Estate Investment Safe Havens: Singapore, Sydney, and Hong Kong

According to Knight Frank's freshly released 2012 Global Development Review Report, global economic instability since 2008 has resulted in starkly divergent responses from luxury developers around the world today. According to Knight Frank's research on luxury residential development in 14 important areas around the world, non-domestic investors accounted for 50 percent to 60 percent of demand for newly-built property in London and Europe in 2011.  doha house Before the credit crunch, the worldwide prime development story was fairly consistent: rising development volumes were met by rising demand and price increase. Following 2008, global luxury development volumes plummeted, but steadily began to climb as economic confidence recovered. This straightforward narrative conceals certain key shifts that have shifted the global development market's form in recent years. Emerging locales, dubbed the "next great thing" in the late 2000s, have been the principal victims o...

In 2011, China's second-tier cities outperformed the national average in terms of hotel performance.

According to STR Global, the Chinese hotel market has continued to perform well in the year to November, with revenue per available room (RevPAR) increasing by 2.8 percent over the previous year.  housing STR Global assessed the performance of China's developing secondary cities—cities with populations of less than 10 million people—by tracking over 315,000 daily rooms and reporting on 22 cities. The majority of the cities studied had larger YTD RevPAR growth than the national average. Government policies are supporting the development of export trade hubs in technology and manufacturing in China's secondary cities, excluding Beijing, Shanghai, and Hong Kong, which are of greater strategic importance to hotel developers and operators. In the cities of Xiamen (+30.8 percent) in southeast China and Chengdu (+20.3 percent) in southwest China, both of which are key financial and economic centers, limited new supply and high demand growth raised RevPAR. Wuhan, which is known for its...

In 2012, the Asia-Pacific hotel market produced positive results.

In 2012, the Asia-Pacific hotel region saw positive outcomes in all three main performance measures as reported in US dollars, according to STR Global.  properties for sale in qatar The Asia-Pacific region's occupancy remained nearly unchanged in 2012, rising 0.5 percent to 68.3 percent, while its average daily rate rose 0.9 percent to US$129.26 and revenue per available room gained 1.4 percent to US$88.25. "With a 1.4 percent RevPAR gain in 2012, Asia-Pacific had a slower rate of growth in all three key performance measures than in 2011," stated Elizabeth Randall Winkle, managing director of STR Global. "When it comes to the underlying factors of supply and demand, demand has been surpassing supply growth for the previous three years, and demand increased by 3.5 percent in 2012." The region's RevPAR of US$88.24 in 2012 fell just short of the US$89.71 in 2008, which was the highest RevPAR in the region's 14-year history. "Thailand and Japan, out of ...

Property stocks in China have dropped as a result of the new restrictions.

Property-related equities fell to their lowest levels in five years today as a result of a new wave of government rules aimed at stifling China's fast-growing property market. China's government enacted new laws on Friday, stiffening the 20% capital gains tax on home sales and imposing new curbs on home purchase and second-home loan rates. For several years, the government has attempted to reduce property speculation in China, although with only minor success.  buying property in qatar The new measures, on the other hand, have teeth. They also send a strong message that the administration is not giving up on efforts to halt price increases in many cities. "Depending on how the new policy is implemented, it may have a severe or negligible impact. However, the wording is rather harsh "Reuters spoke with Yao Wei, a China economist at Societe Generale CIB. "The effects could be negligible after three months. However, it has sparked a lot of negative anticipation....

China's Property Giant Is Eyeing the United States and Australia.

Greenland Group, situated in Shanghai and one of China's top developers, is increasing its abroad investments by focusing on the United States and Australia.  house for sale According to the Wall Street Journal, the corporation is planning to invest in a project on the West Coast of the United States and is also considering a residential project in Melbourne. Brookfield Asset Management has already announced the purchase of a residential and hotel property in Sydney for $497 million. Chairman Zhang Yuliang told reporters, "We are interested in regions where there are a lot of Chinese people." According to him, the purchase in Sydney is supported by loans from Chinese and Australian banks. The business intends to benefit from the growing number of Chinese immigrants and students studying overseas. Mr. Zhang also stated that government actions to cool the market are necessary since home prices are "excessive," according to the Journal. Mr. Zhang told reporters tha...

China is making strides toward constructing the world's tallest structure.

Despite the worldwide building community's skepticism, a Chinese company held a ground-breaking ceremony this week to proclaim the start of work on the world's next tallest structure. China Broad Group, based in Changsha, claims it will complete the 838-meter Sky City tower in nine months utilizing pre-fabrication technology. The structure would be 10 meters taller than the existing world's tallest building, Dubai's Burj Khalifa, which took five years and $1.5 billion to construct. in qatar According to local Chinese media, the project has yet to receive formal government permission, but China Broad looks to be determined to move forward. According to the firm, Sky City will have offices, housing, shops, schools, a hospital, and a "vertical garden adequate to feed 30,000 residents." "People don't want to have to take trains or drive to work," Zhang Yue, the Broad Group's chairman, recently stated. "Sky City will remove 2,000 cars from th...

Jakarta and Dubai are two of the most important cities in the world

 Gains in the price of luxury homes are on the rise.  buy and sell qatar The price of luxury residences in Jakarta grew 27.2 percent year over year in the second quarter, putting the city at the top of Knight Frank's Global Cities Index for the third quarter in a row. According to Knight Frank's newest study, the average price of luxury residences in major worldwide cities climbed by 2.4 percent in the second quarter, compared to a 0.4 percent fall in the first quarter. In the report, Kate Everett-Allen, worldwide residential research, stated, "The index now stands 27 percent above its financial crisis low in the second quarter of 2009 and has produced its best quarterly rise in three years." The top five cities for luxury home price gains in the past year were Dubai, Shanghai, St. Petersburg, and Tel Aviv. Prime property prices climbed by 5.6 percent in the year to June in the 28 cities tracked by the index. Europe continues to be the index's worst-performing are...

Caesars is pulling out of Macau.

Caesars Entertainment is selling its Macau golf course, implying that the corporation is abandoning its plans to grow into the lucrative Chinese resort.  homes Caesars stated in a filing to the Securities Exchange Commission that a firm called Pearl Dynasty Investments Ltd. is buying the property for $438 million. According to media sources, Caesars, the largest casino operator in the United States, first purchased the golf course property in 2007, paying $578 million for the Macau Golf Course. The corporation, then known as Harrah's Entertainment, hoped to establish a foothold in the resort, which has since surpassed Las Vegas as a gambling destination. In 2009, Harrah's chief executive Gary Loveman stated, "We've made it quite clear we would like to see the Caesars Palace brand in Macau." "We obviously know that there are six licensees, and it has to fit through that lens in some way." However, despite years of attempting to put together a project, Cae...

University housing development is being driven by the growing global student population.

Student housing was one of the highest performing sectors during the global economic crisis, according to a recent study from international real estate adviser Savills, and is quickly becoming a major asset class on the global stage.  qatar real estate While generated from short tenancies, purpose-built student housing generates stable rental income flows that are protected by the depth and consistency of demand. Increasing demand from foreign students, combined with low levels of competing supply in many world-class university cities, is opening up new opportunities for luxury purpose-built housing investment. Following the downturn, investment in the sector grew quickly, rising from $3.4 billion in 2007 to a record high of $7.2 billion in 2013, according to Savills. Though institutional investors have dominated cross-border investment to date, accounting for 57% of deals by amount, Savills expects private wealth to emerge where student housing is still a developing market. Global...

In May, hotel occupancy in Asia Pacific increased.

Hotels in the Asia Pacific region, according to STR Global, had a good month in May 2014. The region's occupancy increased 3.2 percent to 67.6 percent in May 2014; the average daily rate remained relatively unchanged at US$115.10; and revenue per available room increased 3.3 percent to US$77.80.  real estate qatar "The Philippines was one of the best performers in the region in terms of occupancy rise, growing 13.7 percent to 70.6 percent due to a 17.6 percent increase in demand," said Elizabeth Winkle, managing director of STR Global. "In May, Indonesia announced a positive rate increase of 10.7%. This is one of the largest rises in the country, with Jakarta leading the way with a 12.1 percent rise.  Thailand's occupancy (-12.6 percent) and RevPAR (-10.2 percent) continue to fall, while ADR continues to rise. Singapore and Hong Kong have a history of following each other in terms of ADR development. Singapore has outperformed Hong Kong this year, with growth rat...

The Ascension of the High-Rise.

As a new wave of high-rise buildings, mostly in China, the Middle East, and Southeast Asia, show developers vying to expand to record heights, vertical cities are moving ever higher. Cities cover just 2% of the earth's surface area, but they house 53% of the world's population, with analysts predicting that number will rise to 75% by 2050. When limited land meets a growing population, the only option is to go up.  qatar property   The 55-meter (180-foot) Home Insurance Building in Chicago was the first skyscraper when it was built in 1885. As steel prices dropped, the number of skyscrapers increased, culminating in 1931 with the Empire State Building, which for 41 years held the record for the world's tallest building at 381 meters (1,250 feet). Things are moving quickly today, thanks to advancements in technology and high-quality materials, as well as a strong local demand for high-rise buildings in many parts of the world. Since 2010, more than half of the world's tal...

Outside of Central London, 74 percent of UK commercial investment is now directed.

Due to a shortage of available prime stock in Central London, international commercial real estate investors are increasingly attracted to UK regional cities, and in particular major investment opportunities, according to global property advisor CBRE.  qatar houses In the first quarter of 2014, the UK registered €12.4 billion in transactions, up 5% from the previous quarter. Outside of Central London, nearly three-quarters (74%) of the total was made up of properties, up from 61 percent in the previous quarter and the highest proportion since Q4 2011. In Q1 2014, international investors transacted for €1.2 billion (£1 billion) outside of Central London, with nine transactions from Asian and Middle Eastern investors, five of which were worth more than €12 million (£10 million). Since the market bottom in Q2 2009, non-European capital has gradually expanded into regional UK cities, more than doubling market share from 7% to 18% in Q1 2014. Non-Central London investment peaked in Q1 2...

Middle Eastern investors are planning to invest $180 billion in international real estate markets.

Middle Eastern investors are forecast to spend US$180 billion in commercial real estate markets outside of their own area over the next decade, according to the latest report from global property advisor CBRE Group, Inc.  for sale in qatar The extraordinary mismatch between the lack of institutional real estate in domestic markets and the huge purchasing power concentrated in the area has resulted in a significant increase in Middle Eastern capital flows into global markets. Europe is the preferred destination, with the country receiving 80 percent of the $180 billion (roughly $145 billion) allocated over the next ten years. Nearly $85 billion would pour into the United Kingdom, with $60 billion going to continental Europe. The main target markets are France, Germany, Italy, and Spain. Middle Eastern capital has poured into global real estate markets, with $45 billion invested between 2007 and 2013, seven times the amount estimated in its home market. There is clear evidence that M...

In Q2, London received $5.7 billion in commercial investment, with 75% of it coming from overseas.

Cushman & Wakefield, the world's largest privately-owned real estate services company, reported £3.38 billion in central London commercial property sales in the second quarter of 2014, bringing the overall investment in the first half of 2014 to £7.6 billion.  real estate in qatar The figure for Q2 2014 is down from £4.28 billion in the previous quarter, which was the highest amount of Q1 central London expenditure ever reported - but the £1.7 billion St Martins purchase of More London inflated the figure substantially. In Q2 2014, foreign capital once again dominated the majority of transactions, accounting for 75% of total value. Highlights from the C&W Report Include the following: In the second quarter of 2014, £3.38 billion ($5.7 billion USD) was invested in central London commercial real estate. West End deal value hits £929 million in Q2 2014. In the second quarter of 2014, City & Docklands transactions totaled £2.45 billion. In the first half of 2014, Chinese in...